Hey everyone, so for the AUDUSD we have had a 3rd green close on the weekly time frame. I am still bullish in the medium term (next couple of weeks).
Price retraced a little bit before closing very strongly for the week at 0.6856.
I posted a long trade idea for AUDUSD 2 weeks ago targeting the yellow line. I see price going up to yellow line, it may experience a retrace this week or next before reaching the target
On the daily time frame there seems to be resistance around the .6880~ area so price may struggle around that area.